×
857
Fashion Jobs
HUGO BOSS
E-Commerce Operations & Logistics Manager
Permanent · London
VF INTERNATIONAL
Senior Credit Controller - Multibrand
Permanent · CALVERTON
EASTPAK
Credit Team Leader - Eastpak
Permanent · CALVERTON
HUGO BOSS
Buyer Emea
Permanent · London
ESTÉE LAUDER
Aveda - Omni National Account & Operations Executive
Permanent · London
ESTÉE LAUDER
Demand Planner - Supply Chain
Permanent · London
ESTÉE LAUDER
Director, International Business Development (Maternity Cover)
Permanent · London
PAUL SMITH
International Sales Executive
Permanent · LONDON
EASTPAK
Sales Manager
Permanent · LONDON
NEW BALANCE
Category Merchandising Manager Emea, Running Footwear
Permanent · Warrington
CONFIDENTIEL
Warehouse Area Manager
Permanent ·
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Liverpool - 26 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Boots-Aintree, Liverpool - 11 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part-Time - Permanent
Permanent · Bishop's Stortford
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 37.5 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Clinique - Consultant - Boots, Oracle Reading - 28 Hours - Part Time, Permanent
Permanent · Reading
ESTÉE LAUDER
Clinique - Consultant - Flannels, Sheffield Meadowhall - 22.5 Hours - Part Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 30 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Art Director
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Bracknell - 11.5 Hours - Part Time, Permanent
Permanent · Bracknell
Published
Nov 10, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Iconix financial results affected by exchange rates in third quarter

Published
Nov 10, 2015

Iconix Brand Group, Inc. announced Monday its financial results for the third quarter and nine months of 2015 ended September 30, 2015.

The company reported a 3% decrease in Licensing Revenue to $88.9 million, which was negatively affected by foreign currency exchange rates. There was no “Other Revenues” reported in the quarter compared to $18.7 million in the previous year’s comparable quarter related to a joint venture for the Lee Cooper and Umbro brands in China.

Lee Cooper, one of Iconix's brands


The company reported a 3% decrease in Licensing Revenue to $88.9 million, which was negatively affected by foreign currency exchange rates. There was no “Other Revenues” reported in the quarter compared to $18.7 million in the previous year’s comparable quarter related to a joint venture for the Lee Cooper and Umbro brands in China.
 
Adjusted EBITDA was approximately $30.5 million, a 53% decrease from $65.4 million in the prior year’s third quarter, and free cash flow attributable to Iconix for the third quarter of 2015 decreased 11% to $39 million from $43.9 million.

"I would like to reiterate that the underlying fundamentals of our business are strong," said Peter Cuneo, Chairman and Interim Chief Executive Officer of Iconix. "We have gone through a difficult transition period, but Iconix continues to have significant business strengths including its diversified portfolio of consumer brands, profitable business model and strong free cash flow generation.”
 
Iconix reported similar results for the nine months of 2015. Licensing Revenue decreased 7% to $279 million from $299.3 million also related to currency exchange rates, there was no “Other Revenues” in the nine month period, and adjusted EBITDA decreased 34% to $135.7 million from $206.8 million. Free cash flow increased 13% to $144.5 million from $128 million.
 
Cuneo continued, “All of us at the Company are focused on capitalizing on these strengths and addressing the issues that have impacted more recent performance to improve our results and enhance value for shareholders."

Copyright © 2021 FashionNetwork.com All rights reserved.